Geothermal potential in Austria: Industrie 4.0 sees benefits in Eavor-Loops™ after talks with Daniel Mölk
Technological trail-blazer Industrie 4.0 has featured Eavor in an online article, highlighting many advantages Eavor has in the renewable energy sector and how Advanced Geothermal Systems (AGS) can expedite Austria’s energy self-sufficiency goals. Unlike traditional geothermal and Enhanced Geothermal Systems (EGS), AGS does not rely on access to natural or man-made underground aquifers; therefore, it bypasses the need for in depth exploration or fracking. Using conduction-based technology, Eavor-Loops™ are versatile and scalable because they harvests energy from hot rock rather than aquifers. Geothermal energy and AGS were recently subjects in the “Sustainability Insights” panel, where Industrie 4.0 talked to Executive Vice President Europe Operations Daniel Mölk, discussing his insights on the development and costs of geothermal systems and its future potential for district heating.
Re_Generation lists Eavor as a leading Canadian firm in an energy storage revolution
The next-generation of business professionals are exalting Eavor as one of the top 5 most promising Canadian firms in energy storage innovation. A post made by Re_Generation on LinkedIn indicated that long-duration energy storage is anticipated to be the “Holy Grail” in transitioning to a cleaner electrical grid. Intermittent sources of energy, such as wind and solar, on their own make having a renewable-dominated grid challenging because they are non-dispatchable. This is where Eavor-Loop™ provides an astronomical advantage. The closed-loop system mitigates challenges that intermittent energy sources face because it is not vulnerable to seasonal changes or weather patterns. It’s a reliable source of energy that can be dispatched 24/7 365 days a year.
